HQLAX obtains CSSF license 17 January 2025Luxembourg Reporter: Daniel Tison
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HQLAX S.àr.l., the Luxembourg-based entity of HQLAX, has received authorisation as an IT systems and communications networks operator, under the category of support professionals of the financial sector.
The regulatory licence, granted by the Commission de Surveillance du Secteur Financier (CSSF), allows the firm to manage and operate IT systems and networks that support financial transactions and operations in the region.
This is in line with HQLAX’s mission to enable market participants to execute frictionless, precise, and real-time transfer of ownership of securities in global securities lending and repo markets.
Guido Stroemer, CEO and co-founder of HQLAX, comments: “We chose to base our company in Luxembourg because of its long history as an innovative post-trade centre of excellence, and we are delighted to have reached this important milestone to receive our CSSF license as an IT systems and communication networks operator of the financial sector.”
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